Evaluation of Enstar Group Limited stock downgraded after the last trading session.
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-24 Loss -3.36% PDF
The Enstar Group Limited stock price fell by -3.36% on the last day (Friday, 26th Nov 2021) from $233.71 to $225.85. and has now fallen 3 days in a row. During the day the stock fluctuated 3.75% from a day low at $222.64 to a day high of $231.00. The price has been going up and down for this period, and there has been a -5.05% loss for the last 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 36 thousand shares were bought and sold for approximately $8.16 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $226.29 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
Signals & Forecast
There are few to no technical positive signals at the moment. The Enstar Group Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $233.33 and $235.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 03, 2021, and so far it has fallen -6.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
Enstar Group Limited finds support from accumulated volume at $224.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $8.36 between high and low, or 3.75%. For the last week the stock has had a daily average volatility of 1.97%.
Enstar Group Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Enstar Group Limited stock A Buy?
Enstar Group Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.126
Predicted Opening Price for Enstar Group Limited of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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ESGR Insider Trading
|Oct 01, 2021||Buy||210||Beesley Sharon Anne||Ordinary Shares|
|Oct 01, 2021||Buy||92||Carey James D||Share Unit|
|Oct 01, 2021||Buy||225||Campbell Robert J||Share Unit|
|Oct 01, 2021||Buy||114||Patel Hiteshkumar R.||Share Unit|
|Sep 03, 2021||Buy||2 000||Campbell Robert J||Ordinary Shares|
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